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Yields, Greenback Slip on NYCB Capital Raise Headlines

CROSS ASSET
  • Yields slip to new daily lows on the back of that NYCB headline (the stock slipped 10% before triggering a volatility halt and being paused from trade), which takes the USD lower with it - helping prompt new pullback lows in USD/JPY at 149.13 and stemming the recovery rally in the e-mini S&P.
  • Markets will be on watch for a resumption of trade in the stock - which was lower by ~3% ahead of the WSJ headlines.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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